In a strategic move to strengthen food security and curb speculative hoarding, the Government has mandated that, effective April 1, 2025, all traders, wholesalers, retailers, big chain retailers, and processors across the nation must declare their wheat stock positions on the official portal (https://evegoils.nic.in/wsp/login) every Friday. This directive follows the expiration of the existing wheat stock limits on March 31, 2025.
The Department of Food and Public Distribution emphasizes the importance of accurate and regular stock disclosures to prevent market manipulation and ensure consistent availability of wheat throughout the country. Entities not yet registered on the portal are urged to complete their registration promptly to comply with this new requirement.
This initiative is part of the government's broader strategy to maintain price stability and prevent hoarding. In recent months, wheat prices have surged to record highs due to supply constraints and increased demand. In January 2025, wheat prices reached approximately Rs 33,000 per metric ton, significantly impacting flour mills and raising concerns about retail inflation.
The government has previously imposed and revised stock limits to control prices. In February 2025, stock limits for traders were reduced from 1,000 metric tons to 250 metric tons until March 31, 2025, to enhance grain availability and curb price hikes. Furthermore, the Securities and Exchange Board of India extended the suspension of futures trading in key commodities, including wheat, until March 31, 2025, aiming to control food inflation.
The Department of Food and Public Distribution continues to monitor wheat stock positions closely, aiming to prevent speculative practices, control prices, and ensure the grain's easy availability nationwide.
